Q2 Earnings Estimate Update for Lowe's Companies

Lowe's Companies, Inc. (NYSE:LOW - Free Report) has recently seen an upgrade to its earnings estimates for the second quarter of 2026. Investment analysts at Wedbush released this information on February 26th. Analyst S. Basham reports that Lowe's is expected to achieve earnings of $4.34 per share, marking an increase from the previous estimate of $4.28. Currently, Wedbush holds a "Neutral" rating for Lowe's and has set a price target of $250 for the stock.

The consensus among analysts for Lowe's Companies' earnings this year stands at $11.90 per share, and Wedbush is also looking ahead to fiscal year 2028, predicting earnings of $14.69 per share.

Analysts' Insights on Lowe's Companies

Several other research firms have recently provided their insights regarding Lowe's. For instance, Mizuho adjusted its price target downward from $305.00 to $300.00, while maintaining an "outperform" rating. Stifel Nicolaus raised its target from $265.00 to $270.00, issuing a "hold" rating. Bank of America also lowered its price outlook from $305.00 to $290.00 while giving a "buy" rating. Conversely, Sanford C. Bernstein lifted their target price from $301.00 to $304.00 and preserved an "outperform" rating. Guggenheim reaffirmed a "buy" rating and set a price target of $300.00.

In total, ten equity analysts have given Lowe's a hold rating, while fifteen have assigned it a buy rating. MarketBeat data suggests that Lowe's has an average rating of "Moderate Buy" and an average target price of $280.83.

Lowe's Current Market Performance

As of Friday, Lowe's shares opened at $245.87. Lowe's Companies has a market cap of approximately $138.83 billion, with a price-to-earnings (PE) ratio of 20.51 and a price-to-earnings-growth (PEG) ratio of 1.96. The stock has fluctuated in the past year, with a low of $211.80 and a high of $287.01, while the fifty-day moving average stands at $252.50 and the two-hundred-day average is $258.77.

Recent Earnings Report

Lowe's most recent earnings data was released on February 26th, where it reported earnings of $1.93 per share for the quarter, surpassing the expected $1.83 by $0.10. The company's revenue reached $18.55 billion, exceeding the consensus estimate of $18.29 billion. However, the firm noted a negative return on equity of 47.55% with a net margin of 8.19%.

Institutional Investor Activity

In terms of institutional trading, a number of new positions in Lowe's have recently been established. Legacy Investment Solutions LLC invested $27,000 in Lowe's stock in the third quarter, while IFS Advisors LLC contributed about $25,000 in the fourth quarter. Marshall Investment Management LLC also acquired a new position valued at around $31,000. JNBA Financial Advisors significantly boosted its holdings in Lowe's, increasing its stake by 555.6% during the third quarter. Following this increase, JNBA now owns 118 shares valued at $32,000. Winch Advisory Services LLC raised its stake by 56.4% in the fourth quarter, now holding 122 shares worth $30,000. Currently, hedge funds and institutional investors own about 74.06% of Lowe's stock.

Overview of Lowe's Companies

Lowe's Companies, Inc., along with its subsidiaries, is a prominent home improvement retailer in the United States. It offers a wide range of products suitable for construction, maintenance, repair, remodeling, and decorating. The company's offerings include appliances, seasonal products, outdoor living, lawn and garden supplies, lumber, kitchen and bath fixtures, tools, paint, and electrical materials, among others.

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